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Traders made 2006 grain 6.8 mn MT export contracts on exchange markets
16.10.2006 12:20 "Agro Perspectiva" (Kyiv) —
As of Oct 12, traders have concluded export contracts on Ukrainian exchange markets for this year crop grain 6,765.361 MT, reported Ukrainian Agrarian Exchanges Union. As to Union, traders have concluded 5,461.397 MT spot/1,303.964 MT forward contracts. As to Agro Perspective earlier report, Cabinet had introduced grain export quoting (to come into effect presumably Nov 1, 2006). Earlier Cabinet had introduced as well wheat and wheat /rye mixture export licensing (to remain effective until Dec 31, 2006). It is to be reminded, in 2005/2006 MY companies had exported 13.3 mn MT grain, up 20% as of 2004/05 MY. Domestic market food grain annual requirement is estimated 6.57 mn MT.
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